This is the 8th of 11 Novarica Research Council Impact Award nominee case studies, which INN is presenting in no particular order. The awards will be presented at the research and advisory firm’s August 13th event in New York and honor best practices in insurance industry IT initiatives and strategy.
Philadelphia Insurance Co. is a niche provider of commercial property/casualty insurance products and services for select classes of business. The company had developed an expert decision support system focused on price monitoring, which provided a mechanism to ensure that adequate rates are being charged prior to business being written. Through business process reengineering of the system, Philadelphia Insurance introduced new capabilities to provide more accurate and timely information, and achieve the strategic objective of portfolio price optimization.
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